PART III-Answer these questions directly on the exam. (Three Questions) 1.Kohsei had the following transactions for 2020: $ 80,000 (4,000) Salary Alimony paid (2020 divorce) Recovery from car accident- Personal injury damages Punitive damages Gift from parents Property sales- Loss on sale of boat (used for pleasure and owned 4 years) Gain on sale of ADM stock $40,000 70,000 110,000 20,000 ($4,000) 4.000 Contribution to an Individual Retirement Account (IRA) $5,000 What is Kohsei's AGI for 2020